Philly Fed Manufacturing Index

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december, 2019

19dec1:30 pm1:30 pmPhilly Fed Manufacturing IndexIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS1:30 pm - 1:30 pm UTC Event Type :Medium ImpactTill the Data is Released!

Event Details

What is this event?

It’s a leading indicator of economic health – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

Measures

Level of a diffusion index based on surveyed manufacturers in Philadelphia.

Effect on Currency

‘Actual’ greater than ‘Forecast’ is good for the currency.

Frequency of event

Released monthly, around the middle of the current month.

Source of Data

Federal Reserve Bank of Philadelphia (latest release)

Time

(Thursday) 1:30 pm - 1:30 pm

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